jessica cofounded the site after she had a hard time finding someone to start a business with. >> the mission is we're trying to enable an entrepreneurialship. >> reporter: he made the rounds at aol before deciding he wanted to be his own ceo. he has a few ideas in the works but is hoping this connects him with the right business partner. >> it's more important to find the person with the right idea. that relationship is something that can potentially last your whole life. >> reporter: members have to go through an extensive process before they can join, and the acceptance rate is only between 10 to 20%. your have a better chance of getting into most private universities. so why not use one of the big- name social networking sites? or walk into a bar on palo alto? mark zuckerberg founded his start-up in a college dorm room with his buddies. >> online social networks give you a transparency on people. but the intent is not there as well as the quality of those people. >> reporter: according to a harvard business poll professor, tech startups have a failure rate of up to 95%, so you mig